Right-of-Way Appraisals
Right-of-Way Appraisals
The appraisal helps to determine the amount the government reimburses the owner by determining the pre-takeover value and subtracting the post-takeover value. The difference is the amount paid to the property owner.
A Right-of-Way Appraisal is used primarily for Eminent Domain ? proceedings, where private property is being acquired by a government agency for public use.
The Right-of-Way Division's appraisal professionals are all degreed professionals. In fact, Continental requires a four year degree for even our research associates in this highly specialized division.
Our sketches set us apart from the very few others who offer this complicated service. Computerized and to-scale, they provide highly accurate depictions of the consequences and effects of Eminent Domain acquisitions.
Steps In the Right-of-Way Appraisal Process:
- Set appointment to see property: Our appraisers will quickly set an appointment to view the property with the property owner present.
- Property Inspection: The property is inspected with owner accompaniment. Public records pertaining to the property are also secured and examined.
- Explanation to owner: The preliminary findings of our property inspection are shared and reviewed with the property owner.
- Solicit owner's input and feedback: The property owner is invited to share feedback with our appraiser concerning the property and R/W plans.
- Review R/W plans: The Right-of-Way plans are reviewed by our appriasers and staff.
- Develop Sketches: This process evaluates the property both Before Takeover and After Takeover
- Calculate Best and Highest Use: Report details the highest potential use for a property both Before Taking and After Taking
- Develop the Appraisal Report: The R/W appraisal report measures the difference in the market value of the property from before the taking and after taking.
- Delivery: The results of the appraisal are delivered confidentially to the parties that engaged the appraiser.